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Europe Extends Its Lead Over U.S., U.K. in Recovery Race
Abstract：In all major advanced economies the pace of recovery has flattened as some countries approach their pre-crisis levels of activity, according to Bloomberg Economics daily gauges. Within that overarching trend, the gap between leading euro-area countries and the lagging U.K., U.S. and Canada has widened in the past week. Sweden, which has followed a different containment strategy, has further lost ground, and in Japan, the recovery appears to be stalling.
Daily Activity Indices
In the race to recover, Europe extends its lead over the U.S. and U.K.
Sources: Bloomberg Economics, Google, Moovitapp.com, German Statistical Office, BloombergNEF, Indeed.com, Shoppertrak.com, Opportunity Insights
In all major advanced economies the pace of recovery has flattened as some countries approach their pre-crisis levels of activity, according to Bloomberg Economics daily gauges. Within that overarching trend, the gap between leading euro-area countries and the lagging U.K., U.S. and Canada has widened in the past week. Sweden, which has followed a different containment strategy, has further lost ground, and in Japan, the recovery appears to be stalling.
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